Annualized Total Returns

Returns for periods less than one year are cumulative rather than annualized

As of 7/31/2015Category: Limited Duration Leveraged

Past performance is no guarantee of future results.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings:As of 3/31/2015

389

Annual Portfolio Turnover:As of 3/31/2015

289.70%

Average Bond Price:

$11.99

Asset Allocation

As of 3/31/2015 reported by Fund Sponsor

Top Sectors

As of 3/31/2015 reported by Fund Sponsor

Sector

%Portfolio

Debt - Corp High Yield

40.45%

Debt - Senior Loans

40.26%

Debt - Mort-backed Sec

25.73%

Debt - Asset-Backed Sec

8.35%

Debt - Short

2.60%

Debt - Municipal

0.93%

Debt - Foreign Govt

0.88%

Debt - Convertible Prefs

0.04%

General Equity

0.02%

Net Current Assets

-19.26%

Top Holdings

As of 3/31/2015 reported by Fund Sponsor

Holding

Value

% Portfolio

Fnma 30 Year, 3.50% 3.50 01 Apr 2045

$28.26M

6.11%

Gnma Ii Sf 30 Year, 3.50% 3.50 01 Oct 2042

$18.18M

3.93%

FNMA 3% 3.00 01 Aug 2027

$12.37M

2.68%

Institutional Fiduciary Trust Money Mark

$12.02M

2.60%

FHLMC 3.5% 3.50 01 Aug 2042

$10.00M

2.16%

Bright Horizons Family Solutions Llc, Te 2.50 15 Apr 2030

$8.22M

1.78%

Trans Union Llc, Initial Term Loan, 4.00 4.00 09 Apr 2021

$4.02M

0.87%

Trans Digm Inc., Tranche C, Term Loan, 3 3.75 28 Feb 2020

$3.94M

0.85%

Tronox Pigments (Netherlands) Bv, Loans, 4.00 19 Mar 2020

$3.94M

0.85%

Community Health Systems Inc., 2021 Term 4.25 27 Jan 2021

$3.91M

0.85%

Money Gram International Inc., Term Loan 4.25 28 Mar 2020

$3.90M

0.84%

Country Allocation

As of 3/31/2015 reported by Fund Sponsor

Country

% Portfolio

Global

75.42%

USA

24.58%

CEFConnect.com makes data for the universe of closed-end funds available as a courtesy to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.